AGP Executive Report
Last update: 3 hours agoMarkets Mood: Asia’s bounce is being pinned to Nvidia’s latest quarter and a broader AI-led risk-on feel, while Geopolitics & Rates: Trump’s “final stages” Iran talk keeps oil and bond nerves in check and traders pare RBA hike odds after Australia’s jobs data. Australia Macro: The ABS says unemployment jumped to 4.5% in April as employment fell (18,600 jobs lost), adding pressure on the labour market story. Housing Policy: Community groups are urging MPs to pass Labor’s negative gearing and CGT changes quickly, arguing they’ll improve fairness for renters and first-home buyers. Regulation Watch: ASIC is pushing “safe and responsible” AI in financial services, and APRA has revoked Eric Insurance’s licence after its exit from the market. Telecom Cost Shock: ACMA set spectrum renewal pricing for Telstra/Optus/TPG/NBN at A$7.32b, triggering industry uproar.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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